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Metro Helps The Perimeter Real Estate Benefited

According to experts, in 2018, the trend of investors, homebuyers moving to the coastal areas will continue, even stronger than in 2017, help real estate Dong Nai and Binh Duong.

Information extends the Ben Thanh – Suoi Tien metro line to Bien Hoa (Dong Nai) and Di An town (Binh Duong), helping to shorten the distance from Dong Nai, Binh Duong to Ho Chi Minh City to 20. The real estate boom around this area has accelerated as a series of projects have officially landed in the area.

>>>See more information about the real estate news here: Vietnam real estate news

Impetus of Metro

Le Hoang Chau, Chairman of HCMC Real Estate Association, said that land fund in HCM City is increasingly limited and high land prices, difficult to deploy housing projects cheap. This leads to the tendency of buyers to move to peripheral provinces, where infrastructure is well connected with Ho Chi Minh City and the prices are softer to make the dream come true.

Chau said that the areas with the most demand for houses are Binh Duong and Dong Nai – two localities with many infrastructure works connected with Ho Chi Minh City. For example, in Bien Hoa, Long Thanh, many projects that have been offered for sale in the recent time have received considerable attention from customers. The “arm” of the outlying infrastructure such as the metro line to neighboring provinces will help HCMC solve the problem of relaxation, reduce traffic jam, environment …

Metro helps the perimeter real estate benefited
Metro 1 officially extended to Dong Nai, Binh Duong to warm the real estate market.

According to the real estate companies, the first metro line is extended to Dong Nai, Binh Duong, the situation has changed. Specifically, according to the plan, the Ben Thanh – Suoi Tien metro line will be extended to Sa market of Bien Hoa city (Dong Nai) and Di An town (Binh Duong). As such, the metro line will go through districts 1, 2, 9, Binh Thanh, Thu Duc (HCMC); Bien Hoa, Tan Van (Dong Nai) and Di An town of Binh Duong.

The area attracts investors and buyers to stay

Experts forecast: Dong Nai – Binh Duong is the land that will attract the market in 2018. This forecast is based on combining the upgrading of transport infrastructure and development orientation of Dong Nai and Binh Duong to become the satellite city of Ho Chi Minh City.

Tran Thi Cam Tu, General Director of Eximrs Real Estate Company, distribution unit of Long Hung Urban Area (Bien Hoa), said that in 2017 alone, there were a total of 1,600 plots of land. Long Hung project was sold to the market. Since the sale, the project has so far increased strongly, estimated at 35%, so those who buy from the end of 2016 are big gains.

 “The difference of the real estate market over the past time than before is that instead of customers mainly buy to invest, the majority of customers buy land for real needs. Many customers after buying land have built houses to stay, “- said Ms. Tu.

Metro helps the perimeter real estate benefited
Moving trend of investors, buyers of real estate projects in the coastal areas have good infrastructure connection with Ho Chi Minh City.

Recently, land prices in areas bordering Ho Chi Minh City such as Di An, Thuan An has increased again due to high demand. Recently, Thuan Tien (a member of DRH Holdings) announced to sell the project of Lai Thieu Central Garden with nearly 150 land plots. Only after one week, the land price in this project is sold by investors 10% -15%.

However, according to Le Hoang Chau, home buyers and investors need to be careful. Stories of inflation will occur and often benefit the speculators, causing the greatest damage to those who need to buy to live. So, when down to buy any project, customers, especially those with real needs have to consider and carefully select projects that have full legal, a trust of the investor and the distribution unit.

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Metro Helps The Perimeter Real Estate Benefited
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